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25797962
25797974

647 W Genesee St, Syracuse, NY 13204

TL
NY 10491204314
Bridgeway Commercial Realty, LLC
CS
NY 10401388748
Listed by Bridgeway Commercial Realty, LLC
$2,495,000
410 days on market
Updated 12 days ago
Opportunity zone

647 W Genesee St

Details
Property Type Retail
Sub Type Commercial, Free Standing
Square Footage 37,170
Units 7
Cap Rate 8.09%
NOI $201,837
Occupancy 20%
Tenancy Multi
Lease Type Gross
Class C
Year Built 1940
Year Renovated 2025
Acreage 1.450
Zoning diverse commercial use
Investment Type Core+

Historic Mixed Use Building, Prime for ReDevelopment

Marketing description

647 W Genesee Street offers a rare opportunity to acquire a 37,170 +/- SF free-standing commercial building on 1.45 +/- acres in Syracuse, NY. Formerly an automobile dealership/showroom, the property is being repositioned into a flexible multi-tenant commercial asset with showroom, flex, service, storage, event, and owner-user potential. Ownership has completed and/or commenced major improvements, including a new roof, new front showroom windows, interior painting, updated finishes, planned ceiling work, insulation upgrades, HVAC improvements, bathroom renovations, and other modernization efforts. The property features high ceilings, overhead doors, large open areas, strong visibility, and ample on-site parking. Existing month-to-month tenancy provides flexibility for a buyer to keep income in place, renegotiate leases, pursue rental upside, or reclaim space for their own use. Potential owner lease-back income may also be available through the planned event/banquet concept, The Giselle Manor.

Located in the heart of Syracuse, the area surrounding the property combines historic charm with modern conveniences. Just minutes away from the vibrant downtown district, tenants can enjoy a variety of dining options, unique shops, and cultural attractions. The nearby Armory Square is a hub of activity with cafes, restaurants, and entertainment venues, while the picturesque Clinton Square hosts events year-round. With easy access to major highways and public transportation, the location offers convenience for commuters and visitors alike. The neighborhood's blend of rich history and contemporary amenities makes it an appealing choice for office tenants seeking a dynamic and lively setting.

Investment highlights

  • 37,170 +/- SF free-standing building
  • 1.45 +/- acre parcel with on-site parking
  • Former automobile dealership/showroom
  • Flexible multi-tenant commercial layout
  • High ceilings and large open areas
  • Overhead / grade-level doors
  • Major 2025 renovations underway
  • High-visibility Syracuse location

Listing Contacts

TL
NY 10491204314
Bridgeway Commercial Realty, LLC
CS
NY 10401388748
Listed by Bridgeway Commercial Realty, LLC

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$201,837.00
$16,819.75/mo

Valuation Metrics

0
DSCR
8.09%
Cap Rate
8.09%
ROI

Map

Zoning

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CM CommercialGeneral CommercialCommercial
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View all 119 uses
View all 119 uses
Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Tom Lischak, CCIM
License
10491204314
Brokerage
Bridgeway Commercial Realty
Brokerage Phone
315-928-1500
Title
Broker/Owner
Brokerage Address
6391 Thompson Road
Name
Chris Suraci
License
10401388748
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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